State Street appoints new head of global services 30 October 2017Chicago Reporter: Jenna Lomax
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State Street has appointed Michelle Grundmann as head of global services for Continental and Southern Europe, effective from February 2018.
Based in Frankfurt, Grundmann will report to Stefan Gmür, CEO and speaker of the board for State Street, Munich.
Grundmann will also report to Liz Nolan, co-head of global services for Europe, Middle East and Africa.
Grundmann has more than 30 years experience in the European market for global services.
Prior to State Street, Grundmann was at J.P. Morgan, where she was head of investor services for Germany, Austria and Switzerland. Before that she worked at BNY Mellon and Merrill Lynch.
Gmür said: “Europe remains critical to our global growth strategy and we maintain a leadership position in asset servicing in many of the continental European markets, with a proven track record and expertise in depositary services and back office insourcing in particular.”
“We are delighted to welcome Michelle Grundmann to our team whose wealth of experience across multiple segments of the financial industry will further strengthen our offering.”
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